Envelope Tracking Chip Market Outlook - 2027
The global envelope tracking chip market size was valued at $1.57 billion in 2019, and is projected to reach $3.15 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027. Envelope tracking is a rapid power supply method as it assists in improving the energy effectiveness of radio frequency power amplifier products. In this technique, the input power supply is repeatedly varying with respect to the envelope of the input power. The electric current utilization can be diminished by nearly 75% with the use of high bandwidth envelope tracking solutions.
Envelope tracking is potentially the most appropriate strategy that is utilized to improve the proficiency of wireless power amplifiers. For thermal efficiency and battery life in customer gadgets items such as tablets and mobile phones, co-design is considerably more significant and envelope tracking is the suitable method to build such items.
The global envelope tracking chip market is anticipated to witness significant growth during the forecast period. Factors such as better signal coverage, reduced heat dissipation, and increased battery life drive the growth of the market. However, requirement of high bandwidth and complex architecture for designing ET module is a major restraint to global envelope tracking chip industry. In addition, increase in adoption of advance technologies in the field of telecom sector is expected to create opportunities for envelope tracking chip industry.
The global envelope tracking chip market is segmented into technology, application, end user, and region. By technology, the market is segmented into cellular communications, wireless communications, and satellite communications. Based on application, the market is classified into smart phones, wearable devices, and others. Depending on end user, the market is segregated into consumer electronics, space and aviation, automotive, telecommunications, and others.
Wireless Communications segment holds dominant position throughout the forecast period
Region wise, the envelope tracking chip market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is dominating the envelope tracking chip market owing to growing demand for the consumer electronics products and high internet penetration in this region. Also, Asia-Pacific is projected to register the significant growth rate during the forecast period. Furthermore, North America holds the second position, followed by Europe.
Leading envelope tracking chips manufacturer such as Qualcomm, Texas Instruments, MediaTek, and others, are focusing their investment on technologically advanced, cost-effective and more secure products and solutions for various applications.
Top Impacting Factors
The prominent factors that impact the envelope tracking chip market growth are growing adoption of envelope tracking chips in consumer electronics segment, and surge in demand from automotive sector. Also, rising wireless platform such as 5G, and IoT drives the market. However, high cost associated with envelope tracking chips restrict the market growth. On the contrary, high investments in power management technologies is expected to create lucrative opportunities for the market. Every one of these elements is probably going to definitely affect the development of the global market during the forecast period.
Smart Phones segment will grow at a highest CAGR of 10.7% during 2020 - 2027
Competitive analysis and profiles of the major envelope tracking chip market players such as Analog Devices, Inc., Efficient Power Conversion Corporation, Maxim Integrated, MediaTek, Qorvo, Qualcomm, Inc., R2 Semiconductor, Inc., Samsung, Skyworks Solutions, Inc., and Texas Instruments.
Covid-19 Impact Analysis
The arrival of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers. The overall production process being adversely affected, but owing to growth in consumer electronics segment, boost the overall market globally.
The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increasing panic among the customer segments.
The Asian and European countries under lockdowns have suffered in major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, leads to decline in the growth of the envelope tracking chip market in 2020.
The COVID-19 has been impacted severely on the electronics sector as the production facility have stalled, which in turn have the significant demand in the industries. The symptoms include a large-scale manufacturing interruption across Europe, interruption in Chinese parts exports, which may hinder the envelope tracking chip market.
Asia-Pacific would exhibit the highest CAGR of 10.6% during 2020-2027
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global envelope tracking chip market opportunities along with the current trends and future estimations to depict the imminent investment pockets.
- The overall envelope tracking chip market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current envelope tracking chip market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the envelope tracking chip market share of key vendors.
- The report includes the market outlook and the market share of key vendors.
Key Market Segments
- Cellular Communications
- Wireless Communications
- Satellite Communications
- Smart Phones
- Wearable Devices
By End User
- Consumer Electronics
- Space and Aviation
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Analog Devices, Inc.
- Efficient Power Conversion Corporation
- Maxim Integrated
- Qualcomm, Inc.
- R2 Semiconductor, Inc.
- Skyworks Solutions, Inc.
- Texas Instruments
Envelope Tracking Chip Market Report Highlights
By END USER
Key Market Players
MEDIATEK, INC., .MAXIM INTEGRATED PRODUCTS, INC., EFFICIENT POWER CONVERSION CORPORATION, SAMSUNG, SKYWORKS SOLUTIONS, INC., QORVO, INC., R2 SEMICONDUCTOR, INC., ANALOG DEVICES, INC., QUALCOMM INC., TEXAS INSTRUMENTS INCORPORATED
Envelope Tracking is a power supply technique that is used to adjust the converter voltage in order to improve the efficiency of a power amplifier, which is used in wireless systems. In envelope tracking technique RF signal’s amplitude envelope is tracked and the bias voltage was adjusted according to the results in amplitude, this helps in operating power amplifier with maximum efficiency at any instantaneous power level.
The recent cellular communications like W-CDMA, LTE operates its signal waveforms with more extreme “peaks” and “valleys”, unlike GSM, which maintains continuous waveform throughout the operation. Recent cellular technologies experiences continuous deflection in waveforms, so, here the requirement of envelope tracking technique is vital in order to bring out maximum efficiency.
The global envelope tracking chip market is anticipated to witness significant growth over the forecast period. Factors such as better signal coverage, reduced heat dissipation, and increased battery life drive the growth of envelope tracking chip market. However, requirement of high bandwidth and complex architecture for designing ET module is a major restraint to global envelope tracking chip industry. In addition, increase adoption of advance technologies in the field of telecom sector is expected to create opportunities for envelope tracking chip industry.
The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch, acquisition, and collaboration are expected to be the prominent strategies adopted by the market players. Asia-Pacific accounted for a major share of the market in 2019, owing to the presence of major players in the region; Also, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of envelope tracking chip in a variety of fields.